Report on Management: Ethics, Leadership, Communication, and Change

This report delves into crucial aspects of business management, including leadership, ethics and social responsibility, managing communication, and innovation and change. The report examines these topics, providing real-world examples of companies like Volkswagen, Wells Fargo, Nokia, an...Read More

Running head: REPORT 0
FUNDAMENTALS OF BUSINESS
MARCH 26, 2019
STUDENT DETAILS:

REPORT 1
Contents
1. Introduction.........................................................................................................................2
2. Background of management...............................................................................................2
2.1 Management Topic 1: Ethics and social responsibility....................................................2
2.2 Management Topic 2: Leadership....................................................................................3
2.3 Management Topic 3: Managing communication...........................................................3
2.4 Management Topic 4: innovation and change.................................................................3
3. Conclusion..............................................................................................................................4
References..................................................................................................................................5

REPORT 2
1. Introduction
Management refers to the administration of a company, whether this is a business,
governmental body, or NPO. There are various issues related to the management of the
company. In the following report, the topics of leadership, ethics and social responsibilities,
innovation and change, and managing communication are discussed and critically examined
2. Background of management
Management includes recognising the mission, objectives, processes, regulations, and
manipulation of the human capital of a company to give contribution to company’s success.
Following are the some topics of management-
2.1 Management Topic 1: Ethics and social responsibility
The social responsibility refers to an ethical theory, where the people are responsible
to fulfil the civic obligation; the activities of people should advantage all the societies (Austin
& Pinkleton, 2015). As per ethical and social responsibility, it is required to establish the
balance between financial progress and environment and society’s welfare. In the case where
balance is established, then the social responsibility can be achieved. As per the theory of
social responsibility, it is required by the corporations that activities and decision should be
validated as per ethics prior to procedures. In the absence of ethics and social responsibility,
the regulatory difficulties can take place. Volkswagen company is facing the problem of
Ethical and social responsibility. The company does not identified the unethical practices.
Volkswagen serves as reminders on the time that this is good to put focus on the ranking,
press release, report, and award. However, basically, this is an outcome and impact of
sustainability, which make and end the value of shareholders.

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2.2 Management Topic 2: Leadership
The leadership over the company sets corporate culture’s tone, expectation of
corporation and the idea for an entity. The problems related to leadership may take place in
organizational leadership, which may hinder an efficiency and output of company. Well
Fargo Company is facing the problem of poor leadership (Haneda & Ito, 2018). Of any kind
of procedure of risk assessment this Company used, seemingly no one considered there were
the serious risks that customer will be burned by what was being done by the workers of a
company. The risk manager issues the warnings, however employees do not take them on
serious note. This company is continuously facing failure in mitigating the risk, and it is
failing at the very big level. The problem of poor leadership is arising because of a reason
that the corporate culture of company is very poor. The top-level management does not take
whole responsibility of failure.
2.3 Management Topic 3: Managing communication
The good workplace communication needs the commitments from an employer as
well as workers and the dedication to making the good and positive corporate culture
(McCaffery, 2018). At the corporate level, the costs of failing to establish the communicate
may be terrible. The problem of communication is facing by Nokia. Nokia fails to meet the
communication standards expected by clients, stakeholders and the workers. Nokia is biggest
issue lies in the communication. Nokia has struggled to turn the best idea in the product. It
was caused partially by the “habit of communication that favour unclear discussion in respect
of the strategies over simple plan to launch the new model of phone in the market.” The
failure of Enron may point out the “leader accountabilities on the basis of
communication” that top-level management failed to fulfil the duties like “establishing
communication of proper values” and “keeping the frankness to sign of issues”.

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2.4 Management Topic 4: innovation and change
The structured change management procedure is very helpful in the implementation
of culture of innovation. It permits the workers to be a part of the management procedure.
The Innovation is the collaboration’s product, though not all cooperation is doing well (Renz,
2016). The example of Blackberry is very famous. The other companies of mobile industry
started focus on the big touchscreen display, while BlackBerry was more concerned about
securing what this already had. Failing to take change, in year 2017 the Chief Executive
Officer John Chen announced that BlackBerry was out the smartphone producing business
and that the corporation has make the new strategies.
3. Conclusion
As per the above analysis, it can be said that leadership, ethics and social
responsibilities, innovation and change, and managing communication play an important role
in achieving the success by a company. The management involves the action of setting
the strategies of a company and coordinates the effort of the workers to achieve the aims by
various resources like technical, economic, and natural.

REPORT 5
References
Austin, E. W., & Pinkleton, B. E. (2015). Strategic public relations management: Planning
and managing effective communication campaigns. New York: Routledge.
Haneda, S., & Ito, K. (2018). Organizational and human resource management and
innovation: Which management practices are linked to product and/or process
innovation?. Research Policy, 47(1), 194-208.
McCaffery, P. (2018). The higher education manager's handbook: effective leadership and
management in universities and colleges. New York: Routledge.
Renz, D. O. (2016). The Jossey-Bass handbook of nonprofit leadership and management.
USA: John Wiley & Sons.